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Essential Tips for Dental Practice Purchases and Sales
Manage episode 438545952 series 2906726
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In this episode of Beyond Bitewings, Ash welcomes Jennifer Page from Carr, a commercial real estate firm specializing in healthcare transitions, including practice purchases and sales. Jennifer shares her insights on the unique aspects of representing healthcare professionals in real estate transactions.
She explains why dental practice owners must engage real estate agents who specialize in their industry and avoid conflicts of interest by not representing landlords. This episode highlights the importance of timing in lease renewals and relocations, emphasizing starting the process well in advance.
Jennifer outlines several common mistakes healthcare practitioners often make in commercial real estate, such as not giving themselves enough time to negotiate and treating commercial transactions like residential ones. She also discusses how Carr supports their clients with lease abstractions, vendor partnerships, and even connecting them with experts in lending, accounting, and contractor services.
To learn more about Carr or to connect with Jennifer, visit: Jennifer.Page{at}Carr.us.
Key Topics Discussed:
- Importance of specialized healthcare real estate agents
- Avoiding conflicts of interest in transactions
- Timing for lease renewals and relocations
- Common mistakes in commercial real estate
- Lease abstraction services
- Vendor partnerships and additional support
- Cost benefits of using professional real estate agents
- Support for DSOs and larger healthcare groups
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